Personal Income, Shopkeeper’s Paradox
A short, but useful thought-experiment after we roll through the personal income figures out today. Let’s start with those: Real DPI increased 1.0 percent in December and real PCE decreased 0.6 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent. The increase in personal income … Read More